Wait for private placement at around 4c then see how. So Chai bought at 7c, now all stuck. New Private placement around 4c, these bunch of monkeys will make almost 100% when the price is back to 7c, but so chai would be just break even. Worse, so chai wants to mk 1c, so he will wait till 8c which of course will not come. hahaha, so chai misses another chance to run from the trap.
Remarks : We refer to our announcements dated 27 October 2021 and 18 November 2021 in relation to the proposed change of name from "MACPIE BERHAD" ("Macpie" or the "Company") to "XOX NETWORKS BERHAD". The Board of Directors of the Company wishes to announce that the Company had on 13 December 2021 received the Notice of Registration of New Name pursuant to Section 28 of the Companies Act 2016 issued by the Companies Commission of Malaysia on 10 December 2021. Accordingly, the name of the Company has been changed from "MACPIE BERHAD" to "XOX NETWORKS BERHAD" with effect from 10 December 2021. This announcement is dated 13 December 2021.
PROPOSED CHANGE OF COMPANY NAME M3 TECHNOLOGIES (ASIA) BERHAD
Type Announcement Subject OTHERS Description M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY") - PROPOSED CHANGE OF COMPANY NAME Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in M3Tech's announcements dated 18 October 2021, 26 October 2021, 27 October 2021 and 18 November 2021 in relation to the Proposed Change of Name.
The Board of Directors of M3Tech wishes to announce that the Company has on 24 November 2021 received the notice of registration of XOX TECHNOLOGY BERHAD dated 19 November 2021 issued by the Companies Commission of Malaysia.
Accordingly, the name of the Company has been changed from "M3 TECHNOLOGIES (ASIA) BERHAD" to "XOX TECHNOLOGY BERHAD" with effect from 19 November 2021.
This announcement is dated 24 November 2021.
MORE XOX couters in Bursa now. Be alerted to the name change.
MACPIE change to XOX NETWORKS BERHAD M3TECH change to XOX TECHNOLOGY BERHAD
Description: XOX BHD - MEMORANDUM OF UNDERSTANDING WITH IMPACT MEDIA & COMMUNICATION SDN. BHD.
The Board of Directors of XOX Bhd (“XOX” or “the Company” or "the Group") is pleased to announce that the Company had on 29 April 2022 entered into a Memorandum of Understanding (“MOU”) with Impact Media & Communication Sdn. Bhd. (“Impact Media” or “the Vendor”) for the proposed acquisition of 100% equity interest in Perak FC Sdn. Bhd. for a total purchase consideration of RM1.00 only (“Proposed Acquisition”).
Impact Media is a private limited company incorporated in Malaysia which primarily involved in the business of advertising agency that offer a full range of advertising services that include media buying, advertising space, creative design, media planning & execution, digital & social media, printing & publishing, focusing on assisting government agencies, corporate sectors, small and medium enterprises, especially entrepreneurs to promote their products and services locally. Impact Media is the registered owner of 2,500 ordinary shares, representing 100% equity interest of Perak FC Sdn. Bhd.
Perak FC Sdn. Bhd. is a private limited company incorporated in Malaysia and the registered and/or beneficial owner of Perak’s official football club known as “Perak FC”.
Pursuant to the MOU, the Vendor and XOX (collectively as “the Parties”) shall entered into a Share Sales Agreement within 14 days from 29 April 2022 or any extension to be mutually agreed in writing by the Parties, subject to the satisfactory on the outcome of the due diligence exercise to be conducted by XOX. Failure which, the MOU shall lapse and cease to have any effect.
XOX views the Proposed Acquisition as an opportunity to expand its reach further by enlarging its ecosystem to incorporate football. Perak FC has an estimated fanbase of half a million fans, and Perak State is widely known to house the nation’s most fanatical football fans.
XOX already has an involvement in motor sports with its continued support and sponsorship with The Komanz Kru Racing (“TKKR”). The year on year revenue increase and market share acquisition is directly correlated to XOX’s venture with the TKKR racing team.
With the Proposed Acquisition, XOX hopes to emulate the subscriber growth from tapping the football fan base, as well as generate new media contents for consumption of its subscribers. The Proposed Acquisition is very much in line with XOX’s history supporting the local community.
The total purchase consideration of RM1.00 was arrived at on a willing-buyer willing-seller basis after taking into consideration, amongst others, of the following:
i) Based on the latest audited financial statements of Perak FC Sdn. Bhd. as at 30 June 2021 which recorded a loss after taxation of RM2,321,901 and net liabilities of RM3,504,688; ii) Operational difficulties of the Perak FC club; and iii) Outstanding liabilities of approximately RM7.1 million as of 31 December 2021.
The MOU will not have any effect on the share capital and substantial shareholders’ shareholdings of XOX. The MOU is also not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of the Group for the financial year ending 30 September 2022.
None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect, in the MOU.
The Board of Director of XOX, having taken into consideration all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Group.
The MOU is available for inspection at the registered office of the Company at 22-09, Menara 1MK, No. 1 Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur between 8.30 a.m. and 5.30 p.m. from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.
Majlis MoU antara Perak FC dan XOX Berhad di Petaling Jaya pada Jumaat. - Foto FB Perak Football Club
SHAHRIZAL AHMAD ZAINI TEKA-TEKI berhubung status pengambilalihan Perak FC akhirnya terjawab apabila syarikat telekomunikasi terkenal, XOX Berhad (XOX) sah sebagai pemilik baharu kelab Liga Premier itu. Pada Jumaat, urusan ‘jual beli’ Perak FC selesai apabila satu majlis perjanjian memorandum persefahaman (MoU) diadakan antara XOX dan Impact Media and Communication (IMC) Sdn Bhd. Majlis yang berlangsung di Pejabat Besar XOX di Tropicana, Petaling Jaya itu turut disaksikan Ketua Pegawai Eksekutif Liga Bola Sepak Malaysia (MFL), Stuart Ramalingam. Ketua Pegawai Eksekutif Perak FC, Muhammad Yunus Zakariah nyata lega apabila proses pengambilalihan secara rasmi skuad The Bos Gaurus itu dijangka selesai kira-kira dua minggu lagi. “Alhamdulillah... Perak FC sudah boleh meneruskan fokus bagi menghadapi saingan Liga Malaysia (Liga-M), tiada lagi hal-hal berbangkit terutamanya urusan pemilikan pasukan. “Malah, kami sudah tidak perlu lagi risau dengan sebarang bentuk hukuman daripada MFL seperti pemotongan mata kerana segala-galanya sudah selesai hari ini (Jumaat). “Sudah tentu ini satu berita yang baik kepada barisan pemain, jurulatih dan pegawai Perak FC. Tak lupa juga kepada seluruh penyokong Perak FC,” katanya kepada Sukan Sinar pada Jumaat. Untuk rekod, Perak FC muncul pasukan kelima Liga-M yang dimiliki sepenuhnya organisasi swasta tanpa ada penglibatan atau perkongsian saham kelab daripada kerajaan negeri atau Persatuan Bola Sepak Negeri (FA). Muhammad Yunus menjelaskan bahawa masih ada satu urusan yang masih belum dimeterai antara Perak FC dan XOX iaitu perjanjian jual beli. “Setakat ini kita hanya perjanjian persefahaman (MoU) manakala perjanjian jual beli masih belum ditandatangani antara kedua belah pihak. “Apa pun, setakat ini semua perkara berjalan lancar. Saya jangka semua urusan pengambilalihan serta jual beli Perak FC kepada XOX akan selesai sepenuhnya dalam masa terdekat,” jelasnya. Dalam pada itu, XOX menerusi satu kenyataan memaklumkan tunggakan gaji pemain dan pegawai Perak FC akan dilunaskan sepenuhnya sebaik sahaja segala urusan selesai. “Bagaimanapun, sebagai sebuah syarikat berhad, ia perlu melalui proses 'due dilligence' dan proses berkenaan akan dilaksanakan secepat mungkin. “XOX turut menyerahkan sumbangan wang tunai RM100,000 yang disampaikan kepada semua pemain dan staf Perak FC sebagai bantuan untuk menyambut Aidilfitri,” menurut kenyataan XOX.
XOX TECHNOLOGY BERHAD (FORMERLY KNOWN AS M3 TECHNOLOGIES (ASIA) BERHAD) ("XOXTECH" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 104,267,300 NEW ORDINARY SHARES IN XOXTECH, REPRESENTING UP TO APPROXIMATELY 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF XOXTECH, TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED AND AT AN ISSUE PRICE TO BE DETERMINED LATER
The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, (“XOX HK” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 12 July 2022 entered into a Share Sale Agreement (“SSA/the Agreement”) with Muar Ban Lee Group Berhad (“the Seller”) for the proposed acquisition of 2 ordinary shares (“Sale Shares”) in Theron Holdings Sdn. Bhd. (“Theron”), representing 100% of the total issued and paid up share capital of Theron, for a total a total purchase consideration of RM19,254,590.00 only (“Purchase Consideration”) (“Proposed Acquisition”).
Further details of the Proposed Acquisition are set out in the attachment herein.
We refer to your Company’s announcement dated 12 July 2022, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) To state the source(s) of funding of XOX HK and/or XOX Bhd, and the breakdown thereof, for redemption of the RHB Facility of RM49,416,000.68 and repayment of Theron’s outstanding debts of RM44,318,000.00. To also reconcile with the disclosure in Section 6 of the announcement dated 12 July 2022. 2) The justification for the purchase consideration of RM19,254,590. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
KUALA LUMPUR: XOX Bhd has proposed to acquire two ordinary shares in Theron Holdings Sdn Bhd, representing 100% of the total issued and paid-up share capital of Theron for RM19.25mil. In a filing with Bursa Malaysia, XOX said its wholly-owned subsidiary, XOX (Hong Kong) Limited (XOX HK) had entered into a share sale agreement with Muar Ban Lee Group Bhd for the proposed acquisition.
Theron is a special purpose vehicle incorporated by Muar Ban Lee for the purpose of acquiring and holding the shares in Symphony Life Bhd As of the date of this announcement, Theron is holding 98.09 million shares in Symphony, representing 13.7% of the total issued and paid-up share capital of Symphony.
Symphony is principally engaged in the business of property development and property investment. XOX said its board has deliberated the opportunity and found the proposed acquisition to be synergistic. “In an effort to streamline XOX’s capital management, the management has deliberated various strategies which include shares buy back and placement of excess cash in high yielding funds.
“The proposed acquisition is part of XOX’s strategy to maximise return on its excess fund, which will ultimately benefit its shareholders,” it said. In addition, XOX said Symphony is currently trading at the lower end of its range of intrinsic value. Hence there is a potential of immediate capital appreciation for the proposed acquisition in the event of any correction to Symphony’s current depressed share price.
KUALA LUMPUR (July 12): Muar Ban Lee Group Bhd (MBL) is exiting its investment in property firm Symphony Life Bhd, whose share price has fallen 46% since MBL bought into it. MBL, a specialist in palm oil machinery and oil seed crushing machinery, announced that it is selling its wholly-owned unit, Theron Holdings Sdn Bhd, that owns a 13.7% stake in Symphony Life to XOX Bhd for RM19.25 million cash. Based on Tuesday's closing share price of 45 sen, the 13.7% stake is worth RM44.14 million. According to MBL's filing with Bursa Malaysia, XOX is obliged to provide "evidence that all outstanding debts owed by Theron to MBL as at the completion date [of the acquisition] have been paid and settled". The outstanding debt amounted to RM46.32 million — advances that MBL has given to Theron for the purchase of Symphony Life shares.
Theron also borrowed RM47.55 million from RHB Bank Bhd to invest in Symphony Life shares via a term loan. Theron is a special purpose vehicle incorporated for the purpose of acquiring and holding shares in Symphony Life. It accumulated 98.09 million Symphony Life shares from April 2 last year to March 9 this year at a total cost of RM90.26 million, said MBL. Theron bought a large bulk of its stake in Symphony Life from the company's former executive chairman Tan Sri Mohamed Azman Yahya, who founded the property firm. MBL noted that the transaction, which it expects to be completed in the third quarter of this year, would result in RM48.89 million disposal gain. The disposal gain includes the effects from deconsolidation of Theron's net liabilities amounting to RM37.59 million, as well as share of results from Symphony Life for financial years 2021 and 2022. The proposed disposal allows MBL to deconsolidate a term loan from RHB Bank amounting to RM47.55 million as at end-June, while also recoup advances MBL provided to Theron amounting to RM46.32 million, the group said. MBL would utilise RM19.25 million proceeds from the disposal mainly for working capital. In a separate filing, XOX said the acquisition, which will be funded by its internally generated funds, is "synergistic" due to prospects of the property market's recovery this year and potential upside to Symphony Life's share price. Shares of MBL closed unchanged at 35.5 sen, giving it a market capitalisation of RM88.26 million, while XOX fell 0.5 sen or 25% to 1.5 sen, valuing the company at RM75.76 million. Symphony Life, meanwhile, closed 0.5 sen or 1.12% higher at 45 sen, with a market capitalisation of RM322.4 million. S Kanagaraju & Kathy Fong
XOX BHD Description: XOX BHD ("XOX" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")
KUALA LUMPUR (July 26): ACE Market-listed XOX Bhd plans to undertake a private placement exercise to raise RM9.95 million to develop a digital media management application. In a filing on Tuesday (July 26), the mobile services provider noted that while it obtained shareholders’ approval to issue up to 717.31 million shares — or 10% of its issued share capital — it has opted to only issue up to 552.86 million shares for the placement exercise. At an illustrative price of 1.8 sen apiece, which represents a discount of approximately 6.25% to the five-day volume-weighted average market price (VWAP) of XOX shares up to and including July 25, 2022 (LPD), the group expects to raise up to RM9.95 million from the placement exercise……
KUALA LUMPUR (July 26): Here is a brief look at some corporate announcements and news flow on Tuesday (July 26), which include Kossan Rubber Industries Bhd, Tasco Bhd, CTOS Digital Bhd, MHC Plantations Bhd, Globetronics Technology Bhd, NWP Holdings Bhd, Toyo Ventures Holdings Bhd, Techna-X Bhd, XOX Bhd, Pasukhas Group Bhd, PPB Group Bhd, Eastland Equity Bhd, UMediC Group Bhd (UMC), Sapura Industrial Bhd, Caely Holdings Bhd and Astral Asia Bhd….
KUALA LUMPUR: Axiata Group Bhd is placing the emphasis on operational resilience and sound business fundamentals as it accelerates its pace towards achieving technology company (TechCo) status. "Building up our digital core remains our focus as we progress towards our goal of becoming The Next Generation Digital Champion.
"Following our net-zero emissions and science-based target commitments last year, Axiata has put in place the governance structures and resources to strengthen and oversee matters relating to sustainability within the group including areas of digital inclusion and climate action," said chairman Tan Sri Shahril Ridza Ridzuan in a statement. According to the group, some of the key actions of resilience taken include the continued reduction of forex exposure, increased hedging activities, reduction of capex, and zero-based costing. "Given these proactive measures, we are targeting mid-single digit revenue growth and high single-digit earnings before interest and tax (Ebit) growth in 2023," added joint acting group CEO Vivek Sood. Announcing its earnings for the 2022 financial year, the telco group said it recorded a net profit of RM9.77bil, nearly 12 times the net profit of RM818.9mil in the previous year as it took into account a RM13.5bil one-off net gain on the Celcom-Digi merger. The group's earnings per share rose to 106.4 sen as compared with 8.9 sen in 2021.
Axiata said the improved bottomline was offset by higher depreciation and amortisation, taxes, net finance cost as well as goodwill impairment. Earnings before interest, tax, depreciation and amortisation (Ebitda) meanwhile increased 9% year-on-year (y-o-y) to RM12.4bil. The group reported revenue of RM21.73bil, which was 8.66% improved over the 2021 period, with higher contributions from all operating companies (OpCos) except Dialog and Ncell. In line with its performance, the group declared a second dividend of five sen a share, which took the overall dividend payout to 14 sen a share in 2022. Over the course of 2022, Axiata said it continued to drive cost excellence by achieving a capex savings of RM1.07bil. The group closed the year with a robust balance sheet as gross debt/Ebitda decreased to 2.9x compared to two previous quarters. This was owing to the higher debt to fund the Link Net and ISOC Philippines tower acquisitions, which was subsequently normalised by the proceeds from the completed mergers and acquisitions. The group reported a healthy cash balance of RM7.5bil. Joint acting group CEO Hans Wijayasuriya said the group's performance was owing to a multi-faceted response by Axiata to the macro headwinds. "The group built resilience and operational muscle while seeding platforms for profitable growth. "FY23 will be equally decisive, presenting opportunities and challenges associated with execution excellence and structural transformation, potentially on the backdrop of global macro headwinds," he added.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....